STEP 2: Check spending
Introduction
The results of your 14-day challenge show you what you spend day-to-day. Now it’s time to check your weekly, monthly and yearly spending. This will take about 20–30 minutes. Before you start, you will need your most recent bank statements for each of your accounts. If you have internet banking, look at your accounts online or use an app.
- First, input each item from your bank statement, deciding what category it belongs to and how often it happens.
- Then, see your results as a pie graph. The bigger the slice, the more you are spending in a category. You will also get feedback on what you should do next.
Do you have your bank statements ready?